According to a new market report published by Lucintel,
the future of the global construction aggregate market looks good with
opportunities in the infrastructure, residential, and non-residential
construction industries. The global construction aggregate market is expected
to reach an estimated $452.4 billion by 2024 with a CAGR of 2.7% from 2019 to
2024. The major growth drivers for this market are growth in residential and
non-residential construction activities, increasing urbanization, and rising
per capita income.
In this market, sand and gravel and crushed stone are the main product types of construction aggregate. On the basis of comprehensive research, Lucintel forecasts that crushed stone will remain the largest product type over
the forecast period due to its high durability. Lucintel predicts that sand and
gravel will witness the highest growth during the forecast period due to its easy
availability and low price. The growth for the sand and gravel segment will
also be driven due to increasing demand in the residential industry.
Within the global construction aggregate
market, infrastructure will remain the largest end use market during the
forecast period due to increasing infrastructure development especially in
emerging countries and growing government focus on infrastructure projects. Residential
construction is expected to witness the highest growth during the forecast
period.
Asia Pacific is expected to remain the largest
market and witness the highest growth over the forecast period supported by increasing urbanization and building
construction activities.
Emerging trends which have a direct impact on
the dynamics of the market include increasing adoption of pea gravel and the growing use of
recycled stone. Heidelberg Cement, Lafarge Holcim, Martin Marietta, Vulcan
Materials Company, and CRH Plc are among the major suppliers of construction aggregates.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global construction aggregate market by end use, product
type, and region, and has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Construction Aggregate Market 2019-2024”. The Lucintel report serves as a catalyst
for growth strategy by providing comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global construction
aggregate market by end use, product
type, and region, as follows:
By End Use [Value ($ Billion) and Volume (Billion Metric Tons) from
2013 to 2024]:
· Infrastructure
· Residential
· Non
Residential
− Healthcare
− Education
− Hospitality
− Retail
− Office
− Others
By Product
Type [Value ($ Billion) and Volume (Billion Metric Tons) from 2013 to 2024]:
· Sand and
Gravel
· Crushed Stone
· Other
Aggregates
By Region [Value
($ Billion) and Volume (Billion Metric Tons) from 2013 to 2024]:
· North America
− United States
− Canada
− Mexico
· Europe
− Germany
− France
− United Kingdom
− Spain
− Italy
· APAC
− China
− India
− Japan
− Australia
· ROW
− Brazil
− UAE
This
189-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high-growth opportunities for the global construction aggregate market by end
use [infrastructure, residential, and non residential (healthcare, education,
hospitality, retail, office, and others)], product type (sand and gravel,
crushed stone, and other aggregates), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2. Which product segment will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q.
11. What M&A activity has occurred in the last 5 years?
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